1. What is the Social Value Calculation?

The Social Value calculation estimates the total value created by an intervention or project by multiplying the measurable impact by an appropriate multiplier that accounts for broader societal benefits.

2. How Does the Calculator Work?

The calculator uses the Social Value equation:

Where:

• \( Impact \) — Measurable direct outcomes (in appropriate units)
• \( Multiplier \) — Factor accounting for wider social benefits

Explanation: The equation provides a standardized way to quantify both direct and indirect social value created by programs, policies, or investments.

3. Importance of Social Value Calculation

Details: Calculating social value helps organizations demonstrate their impact, compare different interventions, and make informed decisions about resource allocation.

4. Using the Calculator

Tips: Enter your measurable impact in appropriate units and select an evidence-based multiplier that reflects the broader social benefits of your intervention.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find appropriate multipliers?
A: Multipliers are typically derived from research studies or standardized frameworks like SROI (Social Return on Investment).

Q2: What units should I use for impact?
A: Use whatever units best capture your direct outcomes (e.g., number of people served, tons of CO2 reduced).

Q3: How precise are these calculations?
A: They provide estimates rather than exact measurements. Transparency about assumptions is crucial.

Q4: Can I use this for different sectors?
A: Yes, but you'll need sector-appropriate impact measures and multipliers.

Q5: How often should I recalculate social value?
A: Regular updates are recommended as your impact data improves or when multipliers are updated.